Rhinebeck Bancorp (NASDAQ:RBKB) Shares Down 1% - Should You Sell?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) fell 1% during mid-day trading on Friday . The company traded as low as $11.10 and last traded at $11.17. 2,563 shares traded hands during trading, a decline of 62% from the average session volume of 6,727 shares. The stock had previously closed at $11.28.

Rhinebeck Bancorp Stock Performance

The stock has a market cap of $121.43 million, a price-to-earnings ratio of -13.51 and a beta of 0.40. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The stock's fifty day moving average is $10.40 and its 200-day moving average is $9.98.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $12.79 million during the quarter. Rhinebeck Bancorp had a negative net margin of 15.89% and a positive return on equity of 3.44%.

Institutional Trading of Rhinebeck Bancorp

A number of institutional investors have recently made changes to their positions in RBKB. Alliancebernstein L.P. lifted its position in shares of Rhinebeck Bancorp by 70.8% in the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock worth $1,898,000 after purchasing an additional 81,345 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Rhinebeck Bancorp by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company's stock worth $219,000 after acquiring an additional 4,519 shares in the last quarter. Finally, State of Wyoming bought a new stake in Rhinebeck Bancorp during the fourth quarter worth $25,000. Institutional investors own 23.88% of the company's stock.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.